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plaido eer madoff s didn't know about the fraud until his brother told him. a new judge in new york said she had a hard time believing that. >>> and call this an indication of the reduced influence of the 220-year-old new york stock exchange. it's being bought by a company that's just 12 years old. no major changes are expected after atlanta based intercontinental exchange completes its $8 billion purchase. that should happen sometime next year. >> wow. >> $8 billion. >> to purchase the new york stock exchange. that's fascinating. what that could potentially mean should be interesting. but we'll see how it plays out, as always. >>> facebook will soon be racking up more revenue $1 at a time. the social network is testing out a new service on a limited number of people for $1, and will guarantee delivery of a message into the main inbox of someone who they are not friends with. currently, some of you may know messages from nonfriends most likely end up in a much ignored folder labeled other. the company says the fee should help discourage spammers. let's hope so. i never knew that box exis
downwind of one of the great lakes. that lake effect snow will kick into gear. new york, a messy, messy start to your day. philadelphia as well. all up and down the i-5 corridor where it's a bit of a mix. winter storm watches and advisories are posted. the i-95 corridor will be mostly in the form of rain today. big travel day, obviously, for the holidays. it's going to put the brakes on chicago, new york, boston, all the northeast airports. >> as lots of people are trying to travel in and out. thank you so much. joining us to talk about the conditions in chicago is carmen assula from the illinois department of transportation. good morning. >> good morning. >> let's talk about the conditions right now. what's the situation there? >> right now the temperatures are under freezing, so we're watching for freeze back conditions, the fact that the temperatures didn't decline until after midnight helped out a lot with the snowfall. there was less accumulation. there is blowing and drifting in the outlying areas. chicago expressways are still wet, and people need to be cautious as freeze back wi
front will push out pretty quickly. by today around 9:00 a.m. moving nort new york city and by 3 p. mchl the bulk of the rainfall will be in new england and the snow. we will see the leftover snow across the great lakes. in some cases we could see a foot of snow. by saturday and sunday out of here but ladies so man fee people are trav-- many people a travelling it will be a trying day on the roadways and airport. people may have to delay travel plans for the weekend. >> what a mess. >> want folks to be careful while they are traveling especially driving. >> it is time for the 5@5:00. we begin with another developing story. one of the two bank robbers we told you about, one of them has been busted. police just arresting 37-year-old joseph banks. we are waiting to get details about where this guy was caught. you remember the story banks and kenneth connelly broke out of prison by tieing bed sheets together and scurrying down nearly 20 stories until they got to freedom. >> today marks one week since the massacre at newtown. at 9:30 president obama holds a moment of silence at the white hous
associated with it is moving across the northeast. new york, in terms of rain, by midday today, it really should be out of the picture. this is a quick mover, but in its wake it's going to be cold and windy. so any snow on the ground could start blowing on on the roadways and that will cause problems. keep that in mind and be sure to be safe on the roads. how much snow are we going to see? we could see six to 12 inches across the great lakes. but too warm for snow across the northeast corridor. all the kids at home are go, whoa! your travel today, boston and new york, certainly could see delays. moderate delays to heavy. memphis and dallas look pretty good right now. but if you are traveling to the northeast or the midwest, make sure that you're going to call ahead. philadelphia, again, moderate delays. same for you in chicago and portland and we'll keep you posted all of the travel and the weather delays that are out there. back to you. >> steve: thank you very much. i think it's interesting that you think kids across america who did not get snow with the storm sound like charlie brown's
is at the new york stock exchange. nicole: no panic. the nasdaq was down nearly 2%. let's take a look at the dow. the fiscal cliff remains front and center. we heard from john boehner today. we are not seeing bipartisan agreement at all. we are off of the lows of the days. names like bank of america among the biggest losers. while you see a few trying to give it a go in the green, the truth is, you are seeing broad-based selling. the s&p 500 is down a full percentage point. while there are some select winners, the truth is, you have many affected. connell: thank you very much. you heard a moment ago from the speaker. you did not hear this morning from the mayans. brian wesbury is here and he is his usual optimistic self. you are always relatively optimistic about the economy, but even after last night and what we in washington? >> sure. you know, yes, the fiscal cliff is coming. we have known him for a long time. the dow is still over 13,000. it is not just because the market thinks we have the great deal ever. tax rates will go up. we will have deficits, as far as the eye can see. by the way, w
to keep moving them along. >> i think that's really true. quickly, what ec for 2013? not just in new york, but across the country. it is a big boom? small boom? doesn't creak along like it has in the past? >> my own gut is that creaks along. it doesn't get to be a real boom unless we have some policy changes. employment gets addressed, things like that. which still hasn't been done. otherwise, it's going to creak along. gerri: what i love about you is that you always say what you think. you don't dress it up. you don't try to make it look better than it is. you tell us what you really think. and i appreciate that. thank you for coming on, and have a great holiday. still to come, veterans are always on her mind, especially during the holiday. we will hear from one man going above and beyond. and i asked some familiar faces around the fox business network what they are asking for for christmas. you will hear some pretty funny stuff coming up next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year they shine even brighter.
. tonight we will hear from outspoken tv host piers morgan and former new york mayor rudolph giuliani. "the kudlow report" begins right now. >>> first up, the latest on the vote of plan b. the plan b bill sponsored by john boehner that may decide how deep into january they have to go for a solution. may decide the fate of the economy and the stock market and decide the fate of jaohn boehne and ultimate lif the second term agenda of president obama. john harwood joins us now live with all the details. good evening, john. >> reporter: good evening, larry. you know, the house has now passed on a party line vote, zero democrats in favor, about 20 republicans defecting the spending cut portion of john boehner's plan b. it would cut about $200 billion in spending, overt the automatic sequester cuts to defense programs that republicans have been opposed to. now, the debate bef bthe passage of that spending cut bill, and we still have yet to see the passage of the tax increase bill, which is gotten resistance from conservatives, that was an opportunity for both parties to frame the stakes, and eric
. some parts of the world are already no longer here. >> for example, capitol hill. >> yes. "the new york post" reporting many people are stocking up on goods for emergencies. some people looking for one final fling at parties, social media apparently. i swear this story is completely unrelated. he resigned as south carolina's governor after admitting he ran off to argentina to be with his mistress. now mark sanford is launching a political comeback he is going to run for a seat that was vacated by tim scott. >>> mayor cory booker has revealed his plan for his political future. there had been speculation he would challenge republican governor chris christie. but that is no longer in the cards. >> i will explore the possibility of running for the united states senate in 2014. >> so booker hopes to replace senator frank lautenberg, a democrat whose temp ends in 2019. lautenberg has not said he's retiring yet. >> he does not look like he needs to retire immediately. >> democratic party gets 40% of the votes, president obama for minority voter has a grand total of african-american senators? t
on refills at advaircopd.com. >> moments from now, a single bell will toll on the new york stock exchange, signaling the beginning after moment of silence for the victims last friday. it will be observed in newtown, connecticut as well and also by us. . [bell ringing] [moment of silence] . [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] [moment of silence] [bell ringing] >> the bell that you're hearing right now, will ring 26 times and it's the bell in newtown, connecticut memorializing the 26 victims who died exactly one week ago and there was also a moment of silence there at the new york stock exchange and the nasdaq, all right. trading has now begun this friday morning. stock prices way, way down. let's check the big board, very, very early going in just a couple of minutes into the session and down 62 points and probably heading a lot lower than that. plan b, as we called it, is history. there is an increase, a very sharply increased chance of all of us going over that fiscal c
earhardt hit the streets of new york city to see what people thought of this advertisement. take a look. >> reporter: ladies, could i ask your reaction about this billboard? do you see this? can says, keep the merry but dump the myth. it's a picture of jesus. what do you think. >> i don't like it. >> reporter: why not? >> why is it easier to believe in a man in a fuzzy red suit than that christ lived and was born 2,000 years ago? >> jesus is the reason for the season. >> that's really crazy. i mean, wasn't sant at myth? >> i don't like it. >> reporter: why don't you like it? >> because i think christmas is... christ. >> reporter: does that upset you? >> yes. >> reporter: why? >> that's what it is all about, it's about jesus. >> reporter: it means keep the merry, keep sant abut du. myth. they are calling christ a myth. >> that's where it all started. santa claus came after christ. >> no, no, no. >> we serve a living god. that's his son of he walked this earth. >> you know, christmas, the whole holiday season is because of christ. >> the billboard is unfortunately, it's inflammatory, it d
representative anne-marie burke love new york. liz: coming up, bringing jobs back to america, the ceo of a technology firm that added jobs this year and plans to bring a couple thousand more in 2013. he is not doing this out of the goodness of his heart but it is good business. find out which company it is and what skills they are looking for. dave: we will tell you what drove the markets with the data download. stocks plunging as deadline for automatic tax increases loom. all three major indices end the trading day lower but in positive territory for the week, the dow and the nasdaq closing up 1%, the sell-off dragging all ten s&p sectors lower marking the fifth day and a row the all ten sectors have moved in sink. financials and materials were this week's top performing sectors and consumer staples and telecom land. demand for u.s. goods climbing for the sixth time rising zero.7% last month, after 1.1% gain in october. orders for goods excluding aircraft excluding increase for the sixth straight month jumping to.7%. and in december, potentially higher taxes and consumer sentiment in
, for the markets? i mean, we would never see the new york stock exchange and the i.c.e. wouldn't get together. we couldn't get that fine from ubs. >> how about the big options to live for? >> there may be some stuff. this may be the christmas week to be here. >> it may end up back here at some point. >> you really think so? >> we made it -- >> but i'm not sure. >> we mentioned where the fiscal cliff was only slightly below the end of the world in terms of seriousness, haven't we? and now that we've made it past that, we're going to focus. and then you have the debt ceiling. >> that would be funny. >> this whole thing gets pushed up to the debt ceiling. >> john can talk about this incredible ground swell in the country for everything that the president wanted, even though we know what this coalition was sort of cobbled together. and we know there was a great campaign that he ran. >> i know. but the way we set these things up is you have to have a referendum on these things. >> but you need both houses. that's a law. and these guys are willing. they'll fall on the floor. >> i don't know that anybod
was so -- lapierre was so disconnected from reality. i worked in new york city public schools. the idea of putting armed guards in schools is not even worth treating as a serious idea. it was so sort of out of step with where i think the conversation has been, the level of respect, and the kind of conversation we've been having nationally that i would almost guarantee you that it has done more actually to help our cause than any one of us could have done. >> no doubt. and to your point, of course, studies have been done, the greater amount of guns are in a particular jurisdiction, the greater likelihood homicide will occur and some gun violence will be sparked off. so it's a pretty ludicrous idea. mark, franklin roosevelt in one of his famous fireside chats said all we have to fear is fear itself. he was speaking about the looming terror of an approaching enemy from the outside, but this seems to be something from the inside. it seems like fear itself is the only thing that wayne lapierre has to offer. let's take a listen to this. >> violent crime is increasing again for the first time
with us. scott, what do you have. >> a federal grand jury in new york returned a three count indictment against the former sac portfolio manager accused in what federal officials call the most lucrative insider trading scheme ever. he was charged earlier under a criminal complaint, a shot across the bow, this indictment signals that if there were efforts and talks under way, to get him to plead guilty and possibly testify against his former boss, steven cohen, those efforts have broken down. again, matthew martoma indicted by a federal grand jury. he could plead guilty and enter into a plea deal. now steaks have gotten higher. if you are steven cohen and his lawyers, you are probably breathing a little bit after sigh of relief. sue? >> i was going to say, put some distance there. thank you very much, scott cohen. >> the market doesn't like what is going on in washington. that's an understatement. we are approaching the lows of a statement. we are off 166 points on the dow. we will get perspective on the market in just a moment. "power lunch" is back in two minutes. they could save a lot
york city. ho, ho, ho. you're watching "world news now." look at that.
bus a deal ever getting done. alison kosik at the new york stock exchange. >> already down for the dow 117 points. kinding seeing a shift in attitude. if you see what's happening over the last few weeks wall street has been banking on a deal and you can see that in how stocks performed. the s&p 500 is up over the past month. guess what? now wall street is nervous, one analyst says this plan b vote was a litmus test for congress's ability to work out a solution. the way wall street sees it now this is a sign of gridlock. the s&p pa 00 is up 15% so just to put that in perspective, get ready for a tough friday so it's hardly time to panic. the sell-off won't last through the end of the day so they're more optimistic. >> could a sell-off influence washington to get something done? >> a sell-off could be a wake-up call for congress, just out playing chicken with the economy and it has worked before. you look at 2008, stock sold off after the house initially rejected a bank bailout. congress came around and passed it. it may take a direct hit to give lawmakers a kick in the butt especially s
of the new york stock exchange. nicole petallides is standing by. no fiscal cliff deal and the market is looking a little nervous. nicole: you saw the dow down nearly 200 points. what you see is basically everybody sells everything. they are not saying i will sell my financials and hold onto my drugs. no. they are getting out today. it is the weekend. we havecome up off the as you noted, they cannot get away from the fiscal cliff. not just yet. they have not come to a solution in washington. that is front and center. we are also seeing a flock to the area that are safe. the dollar is higher. gold is higher. we are also -- there is a look at the dow jones one week. last friday we close that 13,135. we are still actually of about 30 points for the week. that is if we were to close right here. for right now, certainly, read on the screen because there is so much concern about washington. melissa: thank you so much. many believe the speaker in the senate, but it did notie -@even make it through the house last night. i next asked is not confident it will happen within the next year. >> we
: to be clear, that is your politics. >> it is plen tal gun mental gu. lou: thank you, good night from new york. neil: weecome, i am neil cavuto, we just learned for speaker boehner a major headache, no vote on a measure he thought could be a good tit-for-tat against the president. at issue, a measure that would keep tax rates the same, for better than 99% of americans, only raise them for those earning a mullion bucks or more, it looked like it was coming together, until it was not. a number of particularly conservative tea party members of that republican caucus abandoning the speaker saying, no way in heck i could vote for this. he could live with losing maybe 20 votes, then is started accelerating, then it started to look like a vote that was supposed to embarrass the president to turn around and embarrass the speaker, right now the speaker having to shelf the vote for now, peter barnes live on capitol hill capito. >> we just learned they are cancel anything vote for tonight, republicans called an emergency meeting after it became clear, to gel, that the speaker would not have the vot votes
: new columbia. where did they come up with that? >> new york, new jersey. melissa: i could see that. fred, what do you think?. >> i don't like it. a new democrats to spend money. there will be democratic congressman and democratic senators. all they do will spend money. if deal was split it evenly between democrats and republicans that bill would die in committee farcer than a bill requiring congress to get obamacare. if i'm democrats and i would love new columbia and new people to help vote and spend. melissa: sounds expensive. what will this cost me. >> more money. melissa: up next a british woman was fired from mcdonald's making a mack flurry with coworkers get this, too many sprinkles. she took mcdonald's to court but mcdonald's decided to settle. they're paying her five grand. what do you think about that. she put too many sprinkles on the mack flurry. >> dangerous employee. melissa: couldn't be first offense. >> i got to figure. i don't know. i'm not qualified to testify about the black market in sprinkles. melissa: yeah. >> looks like, only, personal use. no intent to distrib
Search Results 0 to 18 of about 19